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Sonoro Energy Ltd. V.SNV

Alternate Symbol(s):  SNVFF

Sonoro Energy Ltd. is a Canada-based oil and gas company. The Company is focused on oil and gas exploration and production in Canada and abroad, including the Middle East/North Africa (MENA) region. The Company has drilled two wells in Saskatchewan. The Well 11-30-32-23 W3 was a vertical well and the Well 14-29-32-23 W3 was a Waseca formation multi-lateral horizontal well with four horizontal legs for a total lateral length of approximately 1,600 meters. The Company’s subsidiary, Sonoro Energy Canada Ltd.


TSXV:SNV - Post by User

Bullboard Posts
Comment by mmayeron Nov 24, 2017 4:45pm
109 Views
Post# 27028306

RE:Under Pressure

RE:Under PressureThanks, I get that. I am one of those drunken sailors! ;)

The thing I see here though is it's frustrating to see companies with absolutelly nothing but potential profit 5 or 6 years down the road being vallued at multiples of their projected (and might I add, non-existent) revenue.

Again, I know nothing of oil and gas but a 6 million$ valuation for a company that even remotelly thinks it may have found something and may farm out in a few months is crazy.

OK, off for beer, time to live up to my drunken sailor image! 

Have a great weekend!


Bullboard Posts